REGISTERED COMPANY MUMBER.. 0451Zk27 (England at)d Walgs) REGISTERED CHARITY NUMBER.. 1095553 R•wt ofthfrTn •nd FtNn¢lal Stst•)wrts forthe Y•ar Ended 30th S•pt•mbgr2023 for The RKhards SaNty Partrmhip 25 Barbwme Rc WR1 IRU
Cont•nth oflh• FwKlal Stal•m•nts for th• Y•ar ErKl•d 3th Sopknb•r2023 Pag• R•pt ofth• TnJ•t•• 2 b 3 Indepond•nt Ex•mlneth R•port stal•m• ol Fln•ncthl Acllvttl•• B4knnc• Sh••t 7 13 14
Rq(prence and Adffllnlstratlve Detsls forthg Ygar Endgd 30th S•pt•mb•r 2023 TrUSTEES MrCJae Prolsswr J C Ejkin Reverend P G AJkinxJn ISd f3.11.231 M L BaO1&8 Mr G C Saher MrDKtrg REGISTERED cifFICE Tl Trfnty W¢ycest WR12PN REGISTERED COMPANY NUMBER 04512227 IEThJwl We81 REQISTERED CHARITY MUMBER 1(1 INDEPENDENT EXAIWNER RkhaFd5 SaThty Parfrwthp 25 Baur Road WrMces¢w8hiro WR1 IRU Pwje 1
Rewt olth• Ttee8 lorth• Y•ar Ended 30th Sept8rnlw 2023 TIE trLA8te8s w) are $0 Df ts thanty for th6 PUryKWS of ts con1)5 20Cfj. present the¥ pOrt ¥th ffinanc#81 ststements of ts chanty fc¢ Ihe year end8d 30th September 2023. Th8 tntstees have Jop18d the prowsions (rf Acc¥)Lkng aThJ ReFKrting by Ch8rii85.' Stment of Reaxnrnd Prth apFltèble to charrbes pr8parfng t11 a(yJwnts in ac0)rdare hith ts Finanaa Repxts"ng Slandatd in UK and R8wblic of IrelaThJ IFRS 1021 1 Je4xory 20191. OBJECTIVES AND ACTMtIES Obj•Gtlves and alm• The ChanVs oty'ect5 speuftsly, n eath Case thy fc¥ th8 pull efft to wmote. ¢xgan15. administer nd c8rry arttsth"c, cJJNural. mug1>1, agrfcumwdl, h¢Ylkx1ya1. histc¥icg1. Jr•lKmal swting e¥ent5, withln th8 area of Worcestér Cty 8nd th8 surYrJJnding WR" p05tc£th areas. *i¥ tr fom) Worcester Fe$lwal. wilh a Vk to educalh)n Of wovkjiry bendlto Th8 mission statement Fe8tival Is. Ihg W(rnlw F881N4 18 kn the pgc$4e of Wwcwtw, wcester1rn And the Surrwnds. 11 is 8 5grie8 of pathrshlps th¥een Lgrge CrS.$t% d Ihe CA)mmunity. an umbrema for a hug8 r8ng8 of e£tivrtffjs, many of th8rn Ireo. 11 ks a coming trWer ol people of al ag8s. creeds aThJ iac. 11 is an Lvwrtunity 10 Stage an ev•nl, LY to attend a large $618cti¢n ol both 8vents. It is a edèbralion of Its and of b•n•fft tnJ51885 confrm Ihat they hav cornF4d ith the ¢kni In tt)n 17(51 ol ttNry 2011 CharlUe8 kt k) have due regar to the guidan wila'ned In Iho Charity C(rni85Thl uwkluKe putrAK b8nofft whgn r¥¥ivinq ts chaAVg aims and c&knes in annIng luiure xtmls. Th? prfndpd of Ihe thwlty fcrf th8 of $¢41 and )11bJnI11rys. ts pilrdpAI athity bdng crynl$41kn fe8tfval krrtwn 05 ts Wwc¥st•r Fo81i¥81. Tha gh ofth¥ ¢harity Lry to conlhiw to orgwis• tho festhd in Wrmrmler. Volunt••r• The Fests'voj * m#naggd by lh8 tr. 8 wt4irn8 AdmlSak. 8 Wo18•1 p8rt.thn? Mwketer. a plann0 Committe8 laFwx. 15 pèoF4el 8%W8led ty appYoxhNtdy Vrn18ern. ACHIEVEMENT AND PERFORIIAMCE In 0cwrdc• th• 0tr4eL of Ihe tharfty. 4 f•stiv4 was surrounds from the 1218123 . 2818123. In 3umrn8ry. thèro Yre 852 e4enls, 8Vh of wh free al wnl cl tY). wyked vAlh than I( part orga88t[cS, •)d 9¥ts wor• stayed kn mcye lh ICK) vth)u The Paul Mayhew evenl hBIJ was a tick•t8d Iha (tharfty thtr rnL¥M¥s aTrJ pahd al event COBl& Th• SuU8 kKorne was S8qUnY dcnated to Ptdkwu(m U FINANCIAL REVIEW Flnanclal po¥ltion Total irKxIng resourc antj to £40,082 12022.. £45.2071 and resrxrn wwe £&3,310 12022.. £46,4751. Nel ¢xrtwng rEswrce$ 8rTrJvJd to £13228 {2tr22.' netoulgyng £1,268).
FIIIAKIAL RE¥IEW A•••Th polky For the v#knJ 30 Sepknrt¢r 2023 4 dok ha8 •nen ni IhB •X4x¥ts to £13.22812022. £1.2881. thu• deu••kn9 mrall fiffth ki £4875 (2022 . 18,6WI. Tlth O• rnt (Y• y*8 o¥pe exc¢•• of Tern, that th• dwnty my Ihon h•w rKJ rndlltrc 12
Indepwmlart EXin5 Report to Tn¢•$ of Ylortestor F•sll¥al Ltd Indopgndert gxamlb)•¢8 rwrtto the tru6t••8 ofWore••tsr F•atival Ltd fthe Compan repcrft to the charrty trwlees on my of ts acoyJnts of Ccffwy for Ihe yfyyr &rKled R•sponsknllltlex and b•sls ol rnpryl As tharivs trustees of the CanY land the wrFQS8S ol ujrrpany lawl you are r8sponsib18 fcrf the pPation ol lh8 ar%xyts In wilh the wurements of# C{Xnpan 20C6 (Ihe 2006 Nrt). Hawng 58tisfi8d mysdf that Ihe aLwunl8 of the Company we not io t audi under Pwi 16 of the 2006 Act and ar8 a?1e iThYewd8nt examinaiw. I rep [85 of ffly wTrynaiK¥) of JY)ur ¢haritys 8(wints as txrfed out under tion 145 01 Ih8 Cn$ Ad 2011 I 2011 Arfl. In rI"r9 out my examinatw I have ihe by the Chwty Ccfflmi&wn un(r SeLtiC 145151 Ibl 11 ACL I have o)ThpK8t8d my examinaknn. I fxth thal maller3 Lvn8 lo my in the examinatw m8 CaU8e to bel. acCtyJrfj rwds 10 ncl kept kn respwx Cunwny As r8(pIr1 by S8CtTh1386 ofthe 2C tho BC(ThJnts do ncrt accord wth th08e remrdg.. th• accwnls do not GnFty wlh Iho PAJintry wl•nlts of 2 Ad Other any raquwoment that th8 actnts gN8 B true lair IB Th)t a mattèr as pBrt of irbjependwft examinalth,. the accounts haw not twr•J in xgthic th8 a1 prinurAes ol the Statom8nt of RecJ)nymndwJ Prxbce for and r8p¥thg t)y thwibes lèpplrth to ch8[rtdS sxeparfThJ thdr ounts kn ad8e wlh the Fina RerrtJ1tr19 Stsndwd atph"c4t4• in the UK aThl Rewblic of IrdaNJ IFRS 10211 I have no c(Kems gnd hevo cw 8c¥oss no mattws in vth fv ex8minatSon lo leh attortK>n shodd be (*avm in in order lo enat4e a proper uThJwstandryJ ol attounls lo be reach8d. Md1368 Gothvln ACA ACCA The Rlthards Pathr5hlp 25 88rbtyJme Road Wort68t8f worsterI WR11RU
Statvm8nt of Fina11 Acli4Tltles 2023 21Y22 Tolgl fund5 fvnd INCOME AND ENI)OWMENTS FROM [latiOnS aKI legaoos 5,758 15,162 Charlt•blfr a¢tMtiè• Worcestèr F95b'va Thet sales 31.002 2,121 28,844 Invgglmgrt Inc¥Jn Totsl 45.207 EXPENDtrvRE ON Charltable •ctlvlU w0318r FestN81 TKkel 8a•6 51.231 2.079 46,475 Total 53,310 46.475 NET INCOMWIEXPENDITURei 1112281 11,2681 REcONclATION OF FUNDS TO1 ruNI8 bro( l¢xward 18.903 20,171 TOTAL FUNDS CAAAIEO FORWARD 5.675 18.903 frxm pwt ofttw stateMts
Toia fvnd FUED sEr8 14 15 3.492 C48h t4rth 1153 127 10,783 CRECrtYORS 18 IieT CURIIWA88ET8 5.17S 18.796 S,e76 18&J3 75 17 &67J 18,903 TOTL I8.3 Th• fin8
Note8 tr th• FlnarTrclal Stolwn• fofth• Y•ar End•d 30th &pt&nbor 2023 ACCOUNTING POUCIE8 BASIS OF PREPARINO THE FTrIANCIAL STATEIAENTS The financ&g1 statements ol the ch8nlaLle LmpanY. vthKh s a pJbk be tity undw FRS 102, have Ixen prepa in a(t¢ydanc8 vAlh the char85 SORP IFRS 1021 fvAxJunling and Rew"r¥J by ChariUes'. SlalenTht of RecOrny0d Prth appkabla to tharib.es prprg the acrxxjnts ITr acLrxdanco with th8 Finenaal R8WtitvJ Stsndwd aPale in UK and ol I IFRS 1021 leffth 1 J8nu8ry 20191,. Flnandal Rep(rt Sl8ntsr(1 102 Tr Fwclal RgFrfybng StsThlard apr4at4è in tke UK aThl R8WtAk of convention. Worc4$tgr Fests"v81 Un¥lwJ is 8 ch8nlatrle wi5ter&J wi EwThY Wvl In thè ev8nl of Ihe chanty bewig wwd w), tho li8blty i) r•5P8Ct of lh• gUatee lim1 lo £1 per Mnber ol the tharity. Th8 addr8SS of Ih8 regL5 offKe gNtin kn the chenty infornti C pa38 101 th•s8 funrAa stalsmgnts. nalure of the charitys op•r81)n8 8ThJ prinr¥d aciMts are th8 cryanth rfa fe9ti¥81 kTr) as thè Worc•Bler Ftsstival. The fingndd 81atwnents Èr8 on a prJ c0M basis uNJ•r htcrft41 coat ThveOrt, nKXlrfjd to Indude c•rt#in rt8rn8 at far vdue. Th8 finarf81 st8tènwts wo in 8tlry IS thg uryw of the dwrty rwThJwJ to the M8r8St £. The SIgnCan1 a0Xnj aFfAK8d kn the th8#e fmw(a81 st0lwnts arn sal t b. INCOME All Inc B rewig1 in th& statnt cl Ffjn Activ115 lh& Lty has enUU8m8nt to ts fimds, Is kyobablg that the wi¥ ba rKaved 8NI amount bè me&wj ftliabty. Income from grants linc4uthThJ govemm8ni 91$) 8TrJ donatb)ns is re¢ywised in vknkh th• Charity ts gnllled to r8CaPt and th¥ amount can reaall0 Cthty. Inc41n frorn grants is deferr8d vth8n the charfty hes to y8l rrt terAMTh'ng anliued to il or vthèr8 the ¢)nLY haB sp80r thot Ihe to be èxpended in a lutwe rfftyj. Inojme Irom of 89rvkos. svth 88 s90r$hIP ticknl inwrn8. Is nISed ddfvery of the 8ervlc8. rt prob8t4e that the inc(Tho be rec•Ned aTrJ ts arrKYJnt can be Meas94 rdlatty. R•n¢81 19 v•ilh lh• k) relates. w to th• exlent that 1$ pmbaL4t trt such Ir¢0 is r6crnrne. of rentd In Kh incomtr in8t•ad recc4nM•d ¢ a cs6h baw"8. EXPENDITURE Liabilltles arg rwised Ag exrThJi¢urè as gorm as a IW or c4)nstrUCti LIWion Mmting kn8 thwsty to that eyndrtum, it is prriJ8 Ih8t a trwslar of e¢>)ry)n b8n8fits ba In stUern and th8 amount of the cAyt¥)n cw bg measured rehabty. ExrlitU 15 XeAMJntwJ for on w WU8Ls bask8 and has been das$ffied under heBdings thal Te9&tO 4 9)st lo ts catwry. Wher8 sts b• dlrecdy atlritsutf to F•itthlar Ilw tsve to activob8S a ba5 wrBisknt wilh the us Grants offwed gjtlect trj wNth boen rf at Ihu year tty dth arn nthj as a c¢rymthent yjl not actrued as oyperKMure. TANGIBLE FIXED ASSETS Owecth Is proVbal at Ihe fj anM4 ral8s to vnlte off 85get over rfs esb"mat•d us0fv1 Cornpulw 8qutyYwi 33% C co TAXATION FUND ACCOUNTr4G LEASING COMMIThIENTS Rvnta15 pad under 0ra0"ng Jèases are lo ts Sn8nt of Fin[ c¥) a 5tsHJht li b85ig OV8r the per%)d clthe kne. Paoe 7
Not•s to th• FinarKial Sttylw. contlnu•d forthè Y•ar Ended 30th S•ptnb¢r 2fd3 ACCOUNnNG POLICES. corthi•d FINANCIAL INSTRUktl4TS The ch8nty has deded to ar4)ty the ryoms$ cl SKAion 11, Basic Finalbl Irthm8nts' and Won 12 'QXher FanC InstrurMnls15s&s' of FRS to al Lrf ts FIn0nCi StrUnniS aE the dwrity paty pro¥1&0 ofthe trThnL Fknancw 8&qets are offset. Ihe 8Trts perrted Jn ts occLwJnts Is a 18gally fOrCeaI8 ntht to set off Ihe rec¥)wis•d arnounts and Ihere itenticfi fo s•Mè on a n8t basis ¢J to reallse the asset aThJ se118 Ihg liablity S21. B1¢ FlnancLel A$8•ts B8sK fvvnLyal a55ets, i1d& trade (ther r•cfv8bkn and cash bank b818nces. Bre Inloally sUd at trans8('on pict tr3nsact)n costs and are gubswwty carried 8t amortised using the 6ffedNe knterest m8thcrfl c£¥Lslitule6 8 finaThing trat. wthere Ihe tr8nsacth)n is measur9d at lh8 pyesenl valuè of ts lutryfr receipts (IscAMJnted at a math•i rate of interest. Balle Flnmncw Uablld•s Baslc fina?1 ILab1th8s. Cld tradè Lmhw p8yat4es. a initk4ty rgc4)onty8d at transackm pric• UleSS Ihe wraFvJennt nstite9 8 finarK¥MJ lrnnskn, where ts d8bt stru1rn4 is measur&J at th8 W8sent value tl frrture r8C•iFts. dYsc3Junt8d al 8 of inlere8t. CJ8tl arn sut4equ• carrled at arnryds8d c£41, Ung the Irrteresi rnle methc#J. DONATIONS AND LEIE8 2023 2207 5,210 477 9,475 Gnl •d Gran18 1550 5,751 15.162 Gran13 udd ¥1 th• o¥•. arn AS foklw.. 2023 2022 750 Eric W VirKent Tnt Flitrffi Trust FW Fnd81)n LC Trust Other grants tmdor£250 Rtchard C4dtrry Trust Sinon Gerhty. WOrters¥¥ c]k. c}ynity FurKI Wcce51er Cty Cwnol COVir19 Ciscretlrxtrary iknt Wcrt•sl8rshire Cowly ¢j10$ FurKJ SC 1,OC(¢ 1.O)0 675 9.475 Page 8
forthe Year Endod 3LXh Septgrnbw 2023 INVESTMENT INCOME 2023 20Z2 1.2(M) Bank iThterest 1201 1201 INCOME FROM CHARITABLE ACTMTIES 2023 Total 2022 Total b"wti8S Feth81 Swjnsorship 3215 2A17 25.370 3.215 2.417 25.370 2.121 4,250 1,419 24175 Grants 1121 31,OD2 1121 33.123 1ndL•d In sponsc15hy is £470 W22.. £49Jl in relthn io Ih I[0n1 EwThnation foes wovklJ by Rthards Santy. kn •xchoTrag tr SF•J)sNthi). Gr8nl8 lTrludod aix)vg. a8 folthb8.' 2023 2022 WL4re8t¥r Cty CuJnL 25.370 23,175 CHARITABLE ACTMnE8 com Grant furMknJ "wb"os C(ts I 18ee r nolè ei 71 Supr)rt osts Isee nots 81 Wcrnler Fegtiv cet 981•8 41,504 2,079 8.097 $1231 2.079 1.550 8,(P37 $3J10 DIRECT COSTS OF CHARITABLE ACn¥rn&8 2022 198S mwkeuro 6xpar Brochure aThJ unth (ts Marteling ayn 11.934 4283 ,117 10,000 7.889 6,845 10.OC(I DewEdabon Pn)f898ional fees Postage, printing aTrJ stthrwi Clher event exwthrre M8wkellro &SuM8n1 5C6 1,0 575 7,000 6,997 39,345
Wor¢•ster Fe$ttr¥al Ltd Mutss to Fhwncial stai•m•. eontlnuod forth• Yw Endod 301h S•pt•mbgr 20Z3 WNcester Fest1 2023 222 UK SUPPORT COSTS Man¥Jamrt Total8 Wcrtster Foth'v 7,157 8.097 Support CC4ts. In knve. arn a8 ftlw. 2022 Totsl atreS wOrter Fe8ts'val R•nt LvJh( heat aTrJ wat Insurnne Tdethcne Repairn aThl rgne•MIs Ind8p•ndent e¥arnhai 3.125 3,250 419 1,327 769 521 8,097 7,130 MET INCOMEI(EXPENLXTUREI N•1 th¢(8Xp. u¢•} is 8tthl 8ft•r 2023 2022 108 3,250 (Xh•r OFwlngle48os 3,125 10. VRUSTEES. REMUNERATION AND BENEFITS TRUSTEES. EXPENSES There no tru5tg98' exFW909 pgKI fr the year •ThJ8d 3Cth Seperter 2023 fDr tho year *8d 30th SeF4embor2022. Pagg 10
M¢kn to the Flmncial Stern•nts. conUnu•d forth• Year End&d 31Xh Stptsmbgr2023 11. STAFF COSTS 12. COMPARATIEs Foft THE STATEIIEKf c FINANCIALACTMTIES lthr861ricted fijr INCOAIE AND EMDOYnNTs FROM Donatlons 8nd legac$ 15,162 wOrrr Fas 28.844 Inve6tmant wKorne 1201 Totsl 45.207 EXPENDtruRE ON Ch•ritsbl• acllvlli 46,475 NET INCOMVFXPENtiruREI 11,268) RECONCIUATION OF FUNDS Tow fund8 hDughl frywar 20,171 TOTAL FUNDS CARRIED FORWARD 18.5 1& EXCHANGE8 OF GOOOS AND 8ERVICES The charlty shdl recnISe rgvenu• when qd9 arn sc4J or 89Mcs s ¢li8sThilar wod5 C seiMc85 in a transacthn th has comwci sut6tpdKo. In that cas8. th8 tharty shal m8osure the transadl at lh• fair Val ol th8 wJ8 or rec•Nd •lLOted by Iha omunt ol cash or (ash oqUlvants transfe0d. 14. TANGIBLE FIXED A%8ET8 Comwter 4uIF¥nant COST At 1st OctrA)er 2022 8r*J 30th s•pter 2023 1,129 DEPRECIATION At 1s[ October 2022 Charge ts year 1,021 108 At 301h septb82Orts 1.129 NET BOOK VALUE At 3(Nh Sept•mb8r 2023 P8ue11 ¢ontmuad...
1401•s to ts Flnan¢l*l Stlltwne. ¢ontinued forthe Year Ended 301h S•pt•mber2023 DEBTORS.. Amouiifs FALUP4G DUE OME YEAR 1& 2023 2022 T[le deblcrs VAT PrOy[[3 479 1,775 3,492 3.153 CREDITORS: AIKIUMTS FALUNG DUE ONE YEAR 2023 2022 Trade tdor$ VAT 1.150 679 623 452 2A52 17. MOVEIIEirf FUNOS Net 1.10.22 h) funds 30.9.23 Unmtrlct•d fvndi Genwal knd 183 (13.2281 4675 TOTAL FUNDS 11,903 11J2281 S875 N81 movom8nt In fiJTha8, irKkKl&J tn Iho thv8 as Inc£¥ning RTrA3 Mov•m8rt Ih fvTr38 Unr••trkt•d Iwd• Gener 153,310) {132281 TOTAL FUP4D8 40.or 153.310) 113.2281 Compara¥• for rnov•ffl•rf kn lundo Net 1.10.21 In lunds 30.9.22 Unr•8trlct•d lundl General fvnd 20.171 11,2681 18.gJ3 TOTAL FUNDS 20,171 {1,268) 18,903 Pagg 12 ¢xrtAiued...
Worcester Ftsti¥al Ltd fortho Year Endgd 30th S•ptnb¢ff 2023 17. MOVEMEMT 14 FUND8- eontinuod ResoUrrS m8nt in fvnds Urntrl¢tBd lund• 45.207 146,4751 11,2681 TOTAL FUNDS 45,207 146.4751 11,2681 RELATED PARTY OISCLOSURES Ouring I year. £I0,CW 12022.. £10.IXiII was to Mrg E Jaeger, 18 of Mr C Jaryer. is a trust88 W(rnler FestNal LwT4ted, for adrnlnistrakn s8$6 pro as artisir dYe¢Xor. £650 12022. £&401 was paij to Mr8 E Jaeger fc sérvrgs pwyed di¥lNJ 2022 on Ihe Bat1& ofwcrnter Wth. £1,200 12022.. £1,2001 w•5 PaKI to W¢ycesl8f F•siN durww lh8 yw. Irom a Rd8 Liftmted. On a R(48 Linmted i? a rfrrfj theatre c(¥nY 010d by Mr and Mrs J88ger. ThD ptynenls Te m•Je in 0xdny9 fy a I8XI of stLYage at the thanVs FXUrniWS. £45012022.. £4501 wa8 re¥& in lh8 yo¥ TrJ EJPJn a8 a rar¥ 5ponx1rth. P¥JB 13
forthe Y•ar EThled 31Xh Sort8rnbar 2023 2023 2022 INCOhlE AND ENDolE DoNtioM and Iqwlgs Don8or Gfft Grgnts 2207 5.210 477 9,475 3.550 5,758 15.162 Rents received Bank internst 1,2C 1.201 1,201 Charltabl• ac11v18 Sponsorship 3.215 2A17 25,370 2,121 4.29J 1,419 23.175 Grants Tkk•tsd 0¥t Into 33.123 Total Incomlty r••oure•• 45,207 EXPENDITURE CharttabJ• actMII•s Performance fe•5 and marknlng exp088 8re and laurth rosts MarkeJng eyn director Devla110n PrOf810n81 f•e¥ Postty8, F¥kntiryJ and statxywy Olher event expendltur• mating rxjnsultant Grants to 11.934 7,889 4,095 6,845 10,OCI) 10.1100 575 1,666 7,000 1,096 1.809 6,997 45213 39,345 Support costs Manaoom•rrt Rent Light, h8at and water In6ur8Kt Tdphone Rwlrn and r¥rww8 3.125 3.2 419 1,327 769 465 1A59 521 7,157 8,230 Gov•rnane• co•1% In¢knd8nt •x8rninati reSrC*S en(j 53.310 46,475 Ngt•xp•ndltur• (132281 {1,2681 Pag¥ 14